Dominican Republic: Technical Textiles Market 2024

Technical Textiles Market Size in the Dominican Republic

In 2021, after two years of decline, there was growth in the Dominican technical textiles market, when its value increased by 0.5% to $X. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Technical Textiles Production in the Dominican Republic

In value terms, technical textiles production totaled $X in 2021 estimated in export price. In general, production recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 197% against the previous year. Technical textiles production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Technical Textiles Exports

Exports from the Dominican Republic

Technical textiles exports from the Dominican Republic dropped markedly to X tons in 2021, shrinking by -39.1% compared with the previous year. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,262%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, technical textiles exports declined significantly to $X in 2021. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,242% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for technical textiles exports from the Dominican Republic, accounting for a 57% share of total exports. Moreover, technical textiles exports to Vietnam exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), threefold. The third position in this ranking was taken by Haiti (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+2.3% per year) and Haiti (+28.7% per year).

In value terms, Vietnam ($X) remains the key foreign market for textile products and articles for technical uses exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was taken by Haiti ($X), with a 10% share of total exports. It was followed by Trinidad and Tobago, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+17.6% per year) and Trinidad and Tobago (-0.2% per year).

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2021, growing by 8.2% against the previous year. Over the period under review, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (-2.4%), while the prices for the other major destinations experienced a decline.

Technical Textiles Imports

Imports into the Dominican Republic

In 2021, the amount of textile products and articles for technical uses imported into the Dominican Republic fell markedly to X tons, which is down by -47.5% against the previous year. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, technical textiles imports contracted rapidly to $X in 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and China (X tons) were the main suppliers of technical textiles imports to the Dominican Republic, with a combined 55% share of total imports. Honduras, Panama, Taiwan (Chinese), Spain, Italy, the Netherlands and Germany lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and China ($X) constituted the largest technical textiles suppliers to the Dominican Republic, together accounting for 54% of total imports. These countries were followed by Panama, Italy, Taiwan (Chinese), Germany, Spain, the Netherlands and Honduras, which together accounted for a further 14%.

The Netherlands, with a CAGR of +23.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average technical textiles import price amounted to $X per ton, reducing by -22% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 41%. As a result, import price reached the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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